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PENNY. The name of an English coin of the value of one-twelfth part of a shilling. While the United States were colonies, each adopted a monetary system composed of pounds, shillings, and pence. The penny varied in value in the different colonies.

References in periodicals archive ?
Hogget prices have decreased slightly over the past few days and most Northern Ireland processors are paying between 155 and 160 pence a kilo half weight for top grades.
Pence earned a masters of business administration from Loyola University of Chicago in 1983, where he held a fellowship.
Previous alliances with PENCE have lead to Helix obtaining exclusive world-wide rights to heterodimer technology, which has a number of promising biotechnology applications, and to unique carbohydrate-based anti-infective technology.
5 pence (net of tax credit) per Ordinary Share, making a full year dividend of 35.
PENCE, a Canada-wide research organization in protein engineering with headquarters at the University of Alberta, supported the initial discovery of the Anti-Infective agents by the University of Alberta research groups in PENCE.
The Directors have declared a first interim dividend of 15 pence per ordinary share (1995 interim dividend of 9.